Buying platinum coins is a straightforward process if you choose reputable dealers and follow a few key steps. These coins, often made from .9995 pure platinum, serve as a solid investment due to their rarity and industrial demand.
Start by researching trusted sellers. Look for established online dealers like Kitco, which offers platinum coins and bars with clear pricing, such as around $1,990 per ounce for pool allocations or higher for physical coins depending on quantity. For more options, check U.S. Gold Bureau, a reliable source for authenticated items like the 2023 Platinum American Eagle Proof 70 Coin, ensuring purity and quality. Other solid choices include Guidance Corporation, a licensed Minnesota dealer with over 35 years in business promising the lowest prices, and Shop Global Coin for rare editions like 2025 Maple Leafs and Eagles.
Decide on the type of coin you want. Popular ones include American Platinum Eagles from the U.S. Mint, Canadian Maple Leafs, or proof versions for collectors. Fractional sizes like 1/10 or 1/2 ounce make entry more affordable than full one-ounce coins, though smaller ones carry slightly higher premiums per ounce.
Compare prices across sites. Factor in the spot price of platinum plus premiums, shipping, and payment method fees. For example, Kitco shows discounts for larger orders over 10 ounces, dropping to about $4,487 per ounce equivalent for gold but similar scaling for platinum. Wire transfers or checks often save money over credit cards.
Verify authenticity before or after purchase. Use a simple home test with a strong neodymium magnet; real platinum won’t stick, though this is just a quick check. Reputable dealers like U.S. Gold Bureau provide certified products to avoid fakes.
Place your order securely. Most sites accept credit cards, bank wires, or checks. Opt for insured shipping and stored value options if available. Local coin shops work too, but online dealers often have better selection and prices than brick-and-mortar spots.
Store your coins safely in a home safe or depository for protection.
Sources
https://online.kitco.com/buy/gold-silver.html
https://www.usgoldbureau.com/news/post/how-to-test-platinum-at-home
https://www.coinguide.com
https://shopglobalcoin.com/collections/platinum-coins
https://www.usmoneyreserve.com/news/executive-insights/how-do-i-buy-gold/